Heliostar Metals (HSTR) investor relations material

Strategic growth vision

• Targeting growth from 30,000 oz to 300,000 oz of annual gold production by decade's end, leveraging a 100% owned pipeline of projects without equity dilution.

• Aims to become a mid-tier gold producer, positioning for potential acquisition or continued growth depending on market cycles.

• Portfolio expanded through acquisitions in Mexico and the U.S., including Ana Paula, two producing mines, and Goldstrike in Utah.

• Plans to fund major project development internally, targeting $150 million in net free cash flow from current assets over 2.5 years.

• Production guidance for 2026 is 50,000–55,000 oz gold and 300,000 oz silver at robust margins.

Asset development and operational highlights

• La Colorada and San Agustin mines restarted and generating cash flow, with staged projects to maximize near-term returns.

• Ana Paula project re-envisioned as a high-grade, bulk tonnage underground mine, targeting 100,000 oz/year at $1,000/oz AISC over nine years.

• Cerro del Gallo and Goldstrike projects offer significant resource expansion and future production growth.

• Ongoing exploration and drilling programs aim to extend mine life and increase resources at existing sites.

• Q1 results show nearly 12,000 oz gold produced at sub-$2,000/oz AISC, with increasing cash reserves.

Financial and corporate structure

• Clean balance sheet with zero debt and 300 million shares outstanding.

• Largest shareholder holds 15%, with strong institutional support and increasing analyst coverage.

• Market cap approximately CAD 625 million, with all financials quoted in USD.

• No plans for equity issuance to fund growth, relying on internally generated cash and project financing.